Analysis New Condos That Saw Prices Fall Soon After Completion: What Went Wrong?

  • July 16, 2020
  • 7 min read
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Ryan J

Ryan is an old school print journalist gone digital. He's lived in almost every type of housing in Singapore, from flats to landed homes. Over the past 18 years, he's been a content developer for companies large and small, a co-founder in an education business, and sometimes a voice on the radio. He also spends too much time and money on painting little plastic soldiers.

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Steve
Steve

Do you think the condos in Bartley area is a good buy at the moment? There is Bartley Residence, Ridge, Botanique, and Oasis Garden to name a few.

Stacked Homes
Stacked Homes

Hey Steve! We love Bartley area – particularly Bartley Ridge. Have discussed this with several homebuyers before. It’s quite centrally located, close proximity to MRT and away from traffic noise Would also recommend Bartley Residence.

Chew
Chew

I loves to hear from u about Hillsta. Price wasn’t increase after 5Yrs TOP. U think price will increase in next few yers?

Brendan
Brendan

The prices of new condos drop because when they are launched, they are asking too high and many people fall for them because there is so much hype about them. However, when the condos are not so new anymore, the reality sets in and the prices will drop as they are not worth the initial launching prices. Only buy condos in areas which have strong fundamentals and are freehold. Resale condos are better choices!

Stacked Homes
Stacked Homes

Hi Brendan, yes you’re right. In most cases, the purchase price was just too high, so it’s important to be aware whether one is paying too much. However, it may not always be the case that freehold is superior, especially if the leasehold was priced attractively

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